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[Apr 2017] Louvre Hotels Group Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Royal Tulip to Enter Ethiopian Market with 1 Billion birr, 13 storey hotel

Louvres Hotel Group has signed a 20-year management agreement with Begez Business Group to run the Royal Tulip Plaza Addis Abeba Hotel Luxury Style Collection. The agreement was signed by Sebsebe Teklu, the chairman of Bengez and Alain Sebah, President of the Golden Tulip for French and East African countries.

Royal Tulip is currently under construction and is 40pc completed, with 470 million Br already spent on the construction. The total cost of the construction will be around one billion Br, and the hotel is scheduled for

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Hotels Investment Forum Spawns Agreement for Eleventh International Brand

The Fifth Africa Hotels Investment Forum (AHIF) has seen Nibras Hotel Plc, a local company, and Accor Hotels Group signing a technical assistance and management agreement for the hotel which will be established in a building currently being constructed near Banco di Roma at Piazza.

This agreement signed on Thursday October 1, 2015, followed another international agreement signed between Sunshine Business Plc and Hilton Worldwide on September 29, 2015.

The Nibras-Accor deal, for the Novotel brand, was facilitated by Calibra

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Intercontinental, Louvre Hotel Groups Venture to Ethiopia

Tsemex Hotels & Business Plc, the World Bank’s International Finance Corporation (IFC) and Intercontinental Hotels Group (IHG) are expected to sign agreements for a loan of 9.5 million dollars to introduce to Ethiopia an Intercontinental Hotels group brand called Crowne Plazza. The initiative is already facing a court battle over its name by Crown Hotel, an Ethiopian hotel that has already been in business in Addis Abeba for years.

However, the IHG website says that it has already signed a management agreement with Tsemex, on a

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Golden Tulip joins Addis Ababa’s booming hospitality industry

A local hotel firm, Aschalew Belay Hotel Projects, is signing a profit sharing agreement late in the afternoon today with the Europe-based, Louvre Hotel Groups, to enable the former operate a newly-built four-star hotel under the Golden Tulip Hotel brand.

Golden Tulip Hotels and Resorts, managed under Louvre Hotel Groups, will be officially operating by joining the booming hotel industry in Addis Ababa in three months with a plan to build its 4-Star hotel, the owner of the Hotel

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